Month: November 2025

Famed hotelier Steve Wynn continues to drop the price on his Beverly Hills mansion.  The Wynn Resorts founder slashed the list price of his home at 1210 Benedict Canyon Drive to $65 million, Mansion Global reported. It now returns to a previous asking price from a year ago, still higher than the $48.7 million Wynn…

Coldwell Banker Realty General Manager Matthew Clayman is making good on a promised recruiting ramp-up nearly four months into new gig overseeing the brokerage’s Beverly Hills and Hancock Park offices. The brokerage announced five new agents to the Beverly Hills office, bringing with them sales of almost $95 million in the past 12 months. The…

Nearly a year after the Palisades fire destroyed nearly 7,000 structures, the first rebuilding endeavor in the wake of the blazes is officially complete.  Los Angeles Mayor Karen Bass announced that a two-story showcase home on the 900 block of Kagawa Street received a certificate of occupancy from the Los Angeles Department of Building and…

Meritage Homes is continuing its building blitz across Greater Los Angeles with a redevelopment plan in West Covina.  Meritage subsidiary MLC Holdings is planning to build a townhome development on a former school site at 1501 Del Norte Street, Urbanize Los Angeles reported. The proposal calls for constructing 282 homes, including 248 attached townhomes and…

Popular activewear retailer Alo Yoga just plunked down $90 million for a headquarters building in Beverly Hills.  Alo spent$1,085 per square foot, for the 82,900-square-foot La Peer Building at 8942 Wilshire Boulevard, CoStar reported.  The company plans to move its business operations down the street from 9380 Wilshire Boulevard, where it leases its 57,000-square-foot headquarters…

Fort Lauderdale, Florida-based Seminole Real Estate Fund notched the No. 1 spot on the priciest multifamily sales list in the City of Los Angeles for the first three quarters of the year with a buy in the Miracle Mile area, according to Los Angeles County tax assessor data. Jonathan Levy’s investment firm, which has ties…

A Mamdani equivalent in Los Angeles? Some are wondering with housing advocate Rae Huang now in the 2026 race for mayor. The deputy director of affordable housing group Housing Now aims to unseat Karen Bass, with an agenda that isn’t far off from a blend of the mayor’s own 2021 campaign talking points and those…

The Rexford takeover rumors seem to have traction. The industrial real estate investment trust indicated as much a couple days ago, after market close, when it announced a chief executive shakeup and a changed capital allocation strategy. The dual announcements came months after a report that Paul Singer’s Elliott Investment Management built an active stake…

Companies can often represent a mirror of their leaders. Understand the top executive, and you’ll have a better chance to understand the why and how of the organization beneath. So, changes at the top create some intrigue, as is the case for Related California, a subsidiary of the dominant Related Companies and one of the…

New York City-based Turner Construction has filed a $12.3 million lawsuit against the University of California for allegedly failing to pay for construction of the school’s seven-story, 116,000-square-foot computer science building with a glass facade. Following nonpayment, on Aug. 22, 2025, Turner filed a mechanic’s lien against the property, in the sum of just under…